The real estate brokerage Compass filed a lawsuit against NYC trade organization REBNY for its rules governing co-broking. Below is a copy of Compass’ legal complaint. Compass-REBNY-Lawsuit Link to download...
Category - REBNY
REBNY Universal Co-brokerage Agreement Rules and Regulations
The REBNY Listing Service Universal Co-brokerage Agreement Rules and Regulations state the rules for co-broking in New York City. Co-broking is when a home buyer and seller’s brokers coordinate a deal. REBNY...
The REBNY Financial Statement in 2021, Explained
Sellers and listing agents use the REBNY financial statement to assess the financial status of prospective buyers. The statement covers a buyer’s assets, liabilities, monthly income, and projected monthly expenses...
REBNY Mandatory RLS Listing Information
MANDATORY INFORMATION TO BE CONTAINED IN EXCLUSIVE LISTINGS TOBE TRANSMITTED OVER THE RLS Unless otherwise specified, exclusive Listing must be disseminated via the RLS and transmitted to all other Participants in the...
REBNY UNIVERSAL NEW DEVELOPMENT BROKERAGE AGREEMENT (June 2020)
The REBNY Universal New Development Brokerage Agreement was updated in 2020. It lays out the contractual terms between developers and outside brokers. Erin Hudson, wrote in The Real Deal, “The document defines the...
